MD_DA431                                                         
DA                                                               
MD DA431 BUTTER - CENTRAL                             

MADISON, WI.  November 24, 2009 (REPORT 47)
                       
CENTRAL BUTTER:

The CME cash butter price continues to hold steady at $1.5250 on 
Tuesday.  Churning activity is somewhat stronger early in the 
week as more cream was starting to become available.  Butter 
producers anticipate that cream offerings will increase as the 
upcoming holiday and weekend nears.  Butter demand has slowed 
this week, which is typical for a holiday week.  Most buyers will 
wait to see how butter stocks cleared their operations before 
placing additional butter orders above and beyond scheduled 
deliveries.  Suppliers and handlers indicate that butter supplies 
are sufficient for future needs with fresh production seasonally 
active and inventoried stock levels well above a year ago.  
Central butter producers continue to report international buyer 
interest.  Some are acknowledging this buyer interest for near 
term deliveries, while others are considering early 2010 
participation.  Food service orders remain fair at best as 
restaurant and food service buyers exercise caution with their 
purchasing patterns.  Spot bulk butter prices range from 2 - 4 
cents over various pricing bases and averages per pound.

1400C steve Schneeberger  (608)250-3204